Journal ArticleDOI
The determinants of voluntary financial disclosure by Swiss listed companies
TLDR
In this article, the authors compared the extent of disclosure in the annual reports of Swiss listed companies to possible determinants representing agency and political costs and found that size and internationality play a major role in the disclosure policy of firms.Abstract:
The aim of this paper is to relate the extent of disclosure in the annual reports of Swiss listed companies to possible determinants representing agency and political costs. The choice of Switzerland is based on the fact that, prior to the implementation of the new company law on 1 July 1992 Swiss disclosure requirements were very low, so that the major part of the content of the annual report could be considered as voluntarily disclosed. The sample includes the 1991 annual report of 161 industrial and commercial firms. The extent of disclosure is measured by an index based on information whose disclosure is required by the Fourth and Seventh EU Directives. Independent variables are measures of company size, leverage, profitability, ownership structure, internationality, auditor's size, percentage of fixed assets and industry type. Relations are assessed using univariate analyses and multiple regressions. The main result is that size and internationality play a major role in the disclosure policy of firms...read more
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Culture, Corporate Governance and Disclosure in Malaysian Corporations
Roszaini Haniffa,T. E. Cooke +1 more
TL;DR: In this article, the importance of various corporate governance and cultural (race and education) characteristics, in addition to firm-specific factors, as possible determinants of voluntary (non-mandatory accounting and non-accounting information) disclosures in Malaysian listed corporations.
Journal ArticleDOI
Culture, corporate governance and disclosure in Malaysian corporations
Roszaini Haniffa,T. E. Cooke +1 more
TL;DR: In this paper, the importance of various corporate governance and cultural characteristics, in addition to firm-specific factors, as possible determinants of voluntary disclosure in the annual reports of Malaysian listed corporations was examined.
Journal ArticleDOI
A study of the relationship between corporate governance structures and the extent of voluntary disclosure
Simon S. M. Ho,Kar Shun Wong +1 more
TL;DR: In this article, the authors test a theoretical framework relating four major corporate governance attributes with the extent of voluntary disclosure provided by listed firms in Hong Kong, including the proportion of independent directors to total number of directors on the board, the presence of a voluntary audit committee, the existence of a dominant personalities (CEO/Chairman duality), and the percentage of family members on the boards.
Journal ArticleDOI
Board leadership, outside directors expertise and voluntary corporate disclosures
Ferdinand A. Gul,Sidney Leung +1 more
TL;DR: In this paper, the authors examined the linkages between board leadership structure in terms of CEO duality (CEOs who jointly serve as board chairs), the proportion of expert outside directors on the board (PENEDs) and voluntary corporate disclosures.
Journal ArticleDOI
Factors Influencing Voluntary Corporate Disclosure by Kenyan Companies
TL;DR: In this article, the authors investigate the extent to which corporate governance attributes, ownership structure and company characteristics influence the extent of voluntary disclosure in a developing country, namely Kenya, and find that the presence of an audit committee is a significant factor associated with the level of disclosure.
References
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TL;DR: In this article, the authors investigated the relationship between a number of corporate characteristics and specific types of social responsibility disclosures, based on an extensive sample of U.S. corporate annual reports.
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